DEX Altcoin Set for Major Gains as Long as Bitcoin Maintains Momentum, Analyst Says
Analyst Altcoin Sherpa predicts that Hyperliquid’s utility token (HYPE) could surge by 150%, potentially reaching $50, as it forms a bullish pattern on the daily chart.
Trading at $20.10, HYPE has gained 6.3% in the last 24 hours. The analyst remains optimistic about HYPE, believing it to be one of the best utility coins in the market, and suggests it could rise further if Bitcoin and market conditions stay strong.
Additionally, Sherpa argues that traditional four-year crypto cycles may be over, with altcoins experiencing more volatile price movements in the future, potentially swinging 50%-90% down before significant upward gains.
Clever Robot News Desk 4th May 2025
